Economics, Real Estate and the Supply of Land (Electronic book text)

Alan Evans

The book draws together the economic literature relating to the
supply of land for development. The standard view appears to be
that the owners of land have no interest other than to allow their
land to be used for the activity which would yield the highest
income. But in reality this is not so and the book's aim is to
demonstrate this, to set out the reasons and to show the economic
effects of the fact that landowners have other motives.
The book covers the supply of land for urban development and shows
how land has characteristics which differentiate it from other
factors of production which will also affect its supply for some
uses, e.g. land is fixed in location and its price and value are
inseparable from where it is.
New light is cast on the market for land (by concentrating on the
supply side), and on land use planning (by taking an economic
viewpoint).